LASE vs. CONL
LASE (Laser Photonics Corporation) is a stock, while CONL (GraniteShares 2x Long COIN Daily ETF) is Leveraged Equities fund actively managed by GraniteShares. Over the past 3 years, LASE returned -23.64%/yr vs -35.14%/yr for CONL. At a 0.17 correlation, their price movements are largely independent.
Performance
LASE vs. CONL - Performance Comparison
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Returns By Period
In the year-to-date period, LASE achieves a -50.61% return, which is significantly higher than CONL's -66.89% return.
LASE
- 1D
- -8.27%
- 1M
- -41.90%
- 6M
- -44.04%
- YTD
- -50.61%
- 1Y
- -68.56%
- 3Y*
- -23.64%
- 5Y*
- —
- 10Y*
- —
CONL
- 1D
- -2.02%
- 1M
- -6.91%
- 6M
- -70.98%
- YTD
- -66.89%
- 1Y
- -91.24%
- 3Y*
- -35.14%
- 5Y*
- —
- 10Y*
- —
LASE vs. CONL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
LASE Laser Photonics Corporation | -50.61% | -57.27% | 389.83% | -42.16% | -59.20% |
CONL GraniteShares 2x Long COIN Daily ETF | -66.89% | -58.49% | 4.23% | 641.63% | -61.47% |
Correlation
The correlation between LASE and CONL is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2022 | 0.17 |
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Return for Risk
LASE vs. CONL — Risk / Return Rank
LASE
CONL
LASE vs. CONL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Laser Photonics Corporation (LASE) and GraniteShares 2x Long COIN Daily ETF (CONL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LASE | CONL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +2.40 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 0.82 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | -0.97 | +0.22 |
| Martin ratioReturn relative to average drawdown | -1.06 | -1.27 | +0.21 |
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Drawdowns
LASE vs. CONL - Drawdown Comparison
The maximum LASE drawdown since its inception was -96.80%, roughly equal to the maximum CONL drawdown of -95.20%. Use the drawdown chart below to compare losses from any high point for LASE and CONL.
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Drawdown Indicators
| LASE | CONL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.80% | -95.20% | -1.60% |
Max Drawdown (1Y)Largest decline over 1 year | -90.76% | -93.67% | +2.91% |
Max Drawdown (3Y)Largest decline over 3 years | -96.80% | -95.20% | -1.60% |
Current DrawdownCurrent decline from peak | -93.51% | -94.31% | +0.80% |
Average DrawdownAverage peak-to-trough decline | -71.12% | -56.95% | -14.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 65.22% | 72.04% | -6.82% |
Volatility
LASE vs. CONL - Volatility Comparison
Laser Photonics Corporation (LASE) has a higher volatility of 40.67% compared to GraniteShares 2x Long COIN Daily ETF (CONL) at 33.61%. This indicates that LASE's price experiences larger fluctuations and is considered to be riskier than CONL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LASE | CONL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 40.67% | 33.61% | +7.06% |
Volatility (6M)Calculated over the trailing 6-month period | 148.81% | 104.56% | +44.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 234.42% | 134.25% | +100.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 185.90% | 149.29% | +36.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 185.90% | 149.29% | +36.61% |
Dividends
LASE vs. CONL - Dividend Comparison
Neither LASE nor CONL has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CONL GraniteShares 2x Long COIN Daily ETF | 0.00% | 0.00% | 0.31% |
LASE Laser Photonics Corporation | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LASE and CONL have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LASE has higher volatility (40.67%) compared to CONL (33.61%). In terms of maximum drawdown, LASE dropped -96.80% vs CONL's -95.20%.
LASE currently has the higher Sharpe Ratio (-0.29 vs -0.68), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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